Coolest startups of Armenian IT industryVenture capital financing Attracting funds from philanthropic ventures is one of the most important conditions for the development of startups. Of course, this doesn’t secure successful development and progress but can considerably reduce the risks and create more opportunities for implementation of ideas. Successful Armenian startups have not missed the chance and used venture funds for their development. June 8, 2016 PanARMENIAN.Net - In a conversation with PanARMENIAN.Net Hayk Asriyants, the founder and president of Startup Armenia, Yerevan-based think-tank focused on policy and initiatives aimed at developing entrepreneurship in Armenia, presented 5 Armenian startups, which attracted the biggest venture funds at different stages of development. 5th spot
ggTaxi Android and iOS applications allow ordering a car via smartphone at any time and any place in Yerevan at a fixed price. The startup attracted $200,000 one-time investment from philanthropic ventures, including Granatus Ventures. 4th spot
menu.am food delivery startup attracted $720,000 one-time investment from Granatus Ventures. Currently the company is successfully carrying on business in Armenia 3rd spot
CodeFights startup developed a game aimed to check programming skills competing with other players. The company attracted $2,5 million from various sources, including Granatus Ventures, Felicis Ventures, HIVE, Mesa Ventures and others. 2nd spot
News Deeply, a platform with thematic information meant for major media companies, attracted $2,5 million from four sources - Fresco Capital, Granatus Ventures, HIVE and Omidyar Network 1st spot
PicsArt, one of the best Armenian applications, attracted a total of $45 million at three stages: $10 million from Sequoia Capital in February 2015; $15 million from Sequoia Capital and Insight Venture Partners in June 2015; $20 from DCM Ventures and Siguler Guff & Company in April 2016. Arman Gasparyan / PanARMENIAN.Net Most popular in the section 10 useful mobile apps for comfortable trips Bringing comfort, design and more 3 Armenian startups en route to becoming unicorns More articles in this section Revolut launches in Armenia Fast and free money transfers, no hidden fees Augmented Reality T-shirts Combination of textile and technologies For little painters Armenian startup creates coloring game for children | The Power of One Dram to benefit Road of Life charity The companies inform that the May beneficiary of The Power of One Dram is the “Road of Life” charitable organization. Kazakhstan welcomes Yerevan, Baku’s agreement to meet in Almaty Kassym-Jomart Tokayev has welcomed the agreement of Baku and Yerevan to hold negotiations in Almaty. Armenia offers to temporarily host, preserve Gaza manuscripts The Armenian Foreign Minister has said Yerevan is ready to help preserve manuscripts from the conflict zone in Gaza. Aliyev says no need for mediators in Armenia-Azerbaijan process Azerbaijani President Ilham Aliyev believes that Baku and Yerevan do not mediators in the process of normalizing relations. |